The higher number of listings and expireds is due the end of the month falling during the week. Inventory continues to stay relatively flat in the face of plummeting sales volume.
I have the numbers for the short sale monitor and will try to get them up when I get home. I’m starting to see the beginnings of decent sized declines in my submarket. I think what has surprised me the most is the decline in volume. Prices have been so resistant to an orderly decline and this has caused the volume. I really shouldnt have been surprised but the truth is, I’ve been far more focussed on my other business interests outside of RE. Another surprise is the agents I’m hearing who are leaving the business or looking for other careers. Several of these are top producers whose faces adorn full page ads in the UT and your local supermarket shopping carts. My guess is their bottom lines were far different than their top line revenues which were very substantial.
